Is 93308 a buyer’s market or a seller’s market? Seller’s, 4.3 months

By Ryan Dobbs, Broker, Ryan Dobbs Realty

If you own a home in 93308, whether in Riverlakes Ranch, the older Oildale sub-area, or anywhere between, here is the direct answer: in the 90 days ending October 28, 2026, 93308 is a seller’s market. Homes closed at 98.3% of their original asking price, and supply sits below four months, two conditions that together put leverage in a seller’s hands. The market is softer than Bakersfield overall, and your price range shapes how much of that leverage applies to your home specifically.

Already have a rough idea of your price range? Skip down to see whether these numbers fit your home, or plug in your address for a closer look.

What these numbers mean if you are selling is on the Bakersfield, California market report, and every Bakersfield ZIP code is compared on the Bakersfield ZIP code scoreboard.

Last updated October 28, 2026. Data: Golden Empire MLS, 90 days ending October 28, 2026.

How does 93308 compare to the rest of Bakersfield?

93308 is a seller’s market, but a softer one than Bakersfield overall. In the 90 days ending October 28, 2026, 109 homes closed in 93308, down from 139 in the same 90 days a year earlier, July 31 to October 28, 2025. Citywide, Bakersfield recorded 1,112 closings across the same period, and that broader market is running tighter. Both markets are below the six-month threshold that generally marks a balanced market, so leverage still tilts toward sellers in 93308, just not as firmly.

The gap shows up at the offer stage too. Bakersfield sellers are closing at 99.1% of their original asking price; in 93308 the figure is lower, as the scoreboard below shows. That difference sounds small, but it means buyers in this ZIP have a little more room to push back, and they are using it.

Volume is down in 93308, as it is across Bakersfield, and the failed-to-sell rate here is 46.6%, though that figure is an upper bound: some listings that expired or were cancelled may have relisted and remain active. What the year-over-year price gain confirms is that demand exists. Sellers who price to where buyers are actually writing offers are still closing. Sellers who price above that level are contributing to the failed-to-sell count.

Table 1. 93308 (Bakersfield records only) compared with Bakersfield. Sales are from the 90 days ending October 28, 2026; homes for sale are as of October 28, 2026. “Failed to sell” means the listing expired or was withdrawn without selling. Source: Golden Empire MLS.

Among Bakersfield’s ZIP codes, where does 93308 stand?

Among the eleven Bakersfield ZIP codes with reportable figures, 93308 sits in the higher-failure, lower-price cluster alongside 93301, 93304, and 93305. In the 90 days ending October 28, 2026, listings in 93308 failed to sell at a rate up from 41.6% in the same 90-day period a year earlier, July 31 to October 28, 2025.

As of October 28, 2026, 158 active listings and 37 pending sales are on record in 93308; the full ZIP-by-ZIP comparison is in the table below.

Table 2. Bakersfield by ZIP code, counting only Bakersfield homes in each ZIP, 90 days ending October 28, 2026. Your price range can put you in a different market than the ZIP as a whole. Source: Golden Empire MLS.

How does 93308 look this year compared to last year?

Closings in 93308 over the 90 days ending October 28, 2026 were down from the same period a year earlier, meaning fewer sellers reached the finish line this fall than last. Over the trailing 12 months, the median price rose from $302,500 to $320,000. Prices have moved modestly higher even as volume has pulled back. The failed-to-sell rate followed the same direction. The full four-period comparison is in the table below.

Table 3. 93308 sales in each period. Each row stands on its own. Source: Golden Empire MLS.

Does your price range change how competitive 93308 is?

The two tightest ranges in 93308 are $150,000 to $199,999 and $200,000 to $249,999. In the 90 days ending October 28, 2026, 10 homes closed in the lower of those two ranges, with supply at 1.5 months and sellers collecting 100.4% of their original asking price. The $200,000 to $249,999 range added closings at that same supply level, with sales at just over the original asking price.

The $300,000 to $349,999 range had the most closings in the ZIP, 17, with supply at 1.6 months and sellers closing at 98.1% of the original asking price.

The $250,000 to $299,999 range stands apart from the others in the mid-price tier. With only 11 closings and 5.2 months of supply, it is the softest reportable range in the ZIP. Sales came in at 98.0% of the original asking price, which means buyers here had room to push back and used it, even though supply technically still favors sellers.

The $350,000 to $399,999 range recorded 13 closings at 3.9 months of supply. At $400,000 to $449,999, 9 closings came in at the original asking price, a small sample that warrants caution.

The full figures by range are in the table below.

Table 4. 93308 homes by price range. Ranges are by original asking price. Sales are from the 90 days ending October 28, 2026; homes for sale are as of October 28, 2026. A range is a seller’s market when homes sell for at least 97% of their original asking price, balanced from 94% to 97%, and a buyer’s market below 94%. Ranges with no sales or listings in the last 90 days are omitted. A range with fewer than ten sales has its median and market marked as a small sample, with its number of closings; medians are not shown under five. Source: Golden Empire MLS.

The failed-to-sell rate cited elsewhere on this page is an upper bound because some listings that expired or were cancelled may have relisted and are still active.

Do these numbers describe your home?

The 93308 figures cover every recorded sale in this ZIP, and that boundary hides real differences. Riverlakes Ranch and the older Oildale sub-area both fall inside 93308, but they serve different buyers at different price points, and the comparables that apply to one are not the comparables that apply to the other. If that is you, the fastest way to know is to run your address.

The failed-to-sell rate for 93308 rose year over year in the 90 days ending October 28, 2026, pointing to real friction.

Address-level analysis, matched to your price range and the homes that actually competed with yours, is what turns the ZIP-wide picture into a number that means something for your decision.

Your situation

The active pool in 93308 right now sits at a median original list price of $315,000, and more than four in ten of those listings have already been cut from their original ask.

What does the 93308 supply figure tell a seller about their leverage?

If I could check just a single number, it’s months of supply: if nothing new came on the market, how long would it take to sell everything listed at today’s pace? It tells you who has the leverage. But it describes the average listing, and a well-priced, well-marketed home doesn’t have to sell at the average pace.

Supply in 93308 sat at 4.3 months through October 28, 2026, a seller’s market by the supply rule, yet a full month looser than Bakersfield’s 3.2; the $300,000 to $349,999 range runs tighter than the ZIP-wide figure suggests.

About Ryan Dobbs Realty in Bakersfield

Ryan Dobbs Realty is a brokerage that helps homeowners sell their homes. The figures on this page come from Golden Empire MLS data for 90 days ending October 28, 2026; each number’s query ID is in the page source.

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